Bulletin

SEC considers use of tagged data in regulatory filings

LeticiaWilliams

WASHINGTON (CBS.MW) -- The Securities and Exchange Commission is seeking comment on whether companies' regulatory filings should incorporate "data tagging" to enhance financial reporting data, the agency said Thursday. The SEC may propose a rule this fall that would, if adopted, establish a voluntary program beginning with the 2004 calendar year-end reporting season. Data tagging allows documents to be searched via hyperlinked text. "By working to enhance the commission's filing and disclosure process through the use of new data formats, including tagged data, the commission can improve how content is organized and analyzed, improvements that will benefit everyone who utilizes the SEC's public disclosure process," SEC Chairman William Donaldson said in a statement.

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